Can’t find a job? Blame Tom Hoenig, says New York Times

Without mentioning him by name, a prominent New York Times business writer took a shot at Tom Hoenig, the longtime president of the Federal Reserve Bank of Kansas City.

Hoenig raised his profile after the financial crisis, speaking out against supersized banks and warning about the perils of low interest rates. The Kansas City Star regards him as a populist oracle, who forges his ideas on the anvil of Midwestern goodness. But the Times‘ David Leonhardt makes a case that Hoenig and his like-minded central bankers are keeping people from finding work because they’re fixated on the idea that inflation is just around the corner.